Slipping demand: The industry will struggle with rising interest rates and weak demand

The Combine Harvester Manufacturing industry, which produces combines used for most farming operations but does not include hay and straw combine harvesters, has been challenged by weak agricultural prices. In addition, the industry has contended with declining farm incomes and volatile global supply and demand conditions. These negative trends have served to undercut industry revenue growth over the five years to 2017. Over the next five years, industry revenue is expected to increase marginally. Nevertheless, the industry is still expected to struggle with rising interest rates and weak demand. However, as the agricultural price index is expected to slightly increase, it will serve to support demand for industry products...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Price declines in key downstream markets have weakened demand for industry products
  • The corporatization and consolidation of farms increased over the past five years
  • Interest rates will continue to rise, limiting how much debt farmers can accumulate
  • Industry Report - Industry Products Chapter

    There are two main models for combine harvesters based on their working principles: self-propelled and tractor mounted. Tractor mounted combine harvesters are more affordable as compared with self-propelled combines and are often preferred by farmers who have smaller holdings of lands. Besides this distinction, industry products can be segmented based on their use in various agricultural pursuits. It is important to note that machines used to harvest hay and straw are not included in the industry.Corn combine harvestersAn estimated 45.5% of total industry revenue is generated via sales of corn harvesting machinery. The...purchase to read more.

    Additional Insights for the Combine Harvester Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Combine Harvester Manufacturing Industry are

  • Effective quality control
  • Guaranteed supply of key inputs
  • Meeting emissions standards
  • IBISWorld analysts also discuss how external factors such as Agricultural price index and Demand from crop production in the Combine Harvester Manufacturing industry impact industry performance..

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    What's in this report

    What is the Combine Harvester Manufacturing Industry?

    This industry manufactures combine harvesters. Combines, also known as threshers, combine the tasks of harvesting, threshing and cleaning grain crops. They are primarily used in the harvesting of field crops, but also small fruits and other food crops. This industry excludes hay and straw combine harvesters.

    Industry Products
  • Corn combine harvesters
  • Wheat combine harvesters
  • Soybean combine harvesters
  • Other crop combine harvesters
  • Industry Activities
  • Manufacturing combine harvesters and attachments
  • Manufacturing corn combines
  • Manufacturing soy combines
  • Manufacturing cotton combines
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Agricultural price index
  • Demand from crop production
  • Prime rate
  • World price of steel
  • Demand from industrial machinery and equipment wholesaling
  • Trade-weighted index

  • Current Performance
  • Deadfall in demand
  • Industry in context
  • International trade
  • Mitigating declines in profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Farm incomes
  • Growing productivity
  • Profitability and landscape
  • International trade
  • Table: Combine Harvester Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Combine Harvester Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Soybean Farming
  • Corn Farming
  • Wheat, Barley & Sorghum Farming
  • Crop Services
  • Industrial Equipment Rental & Leasing

  • Key Selling Industries
  • Engine & Turbine Manufacturing
  • Metal Stamping & Forging
  • Steel Rolling & Drawing
  • Tire Manufacturing

  • Products & Services
  • Corn combine harvesters
  • Soybean combine harvesters
  • Wheat combine harvesters
  • Other crop combine harvesters
  • Chart: Combine Harvester Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Availability of credit
  • Downstream activity
  • Replacement demand
  • Seasonality

  • Major Markets
  • Wholesale and rental markets
  • Retail markets
  • Export markets
  • Other farming industries
  • Chart: Major Market Segmentation for the Combine Harvester Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Combine Harvester Manufacturing

  • Basis of Competition
    ProductsEfficienciesCustomer serviceImportance of brand names
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Combine Harvester Manufacturing Industry

  • Industry Globalization
    CNH Industrial NV, Deere & Company,
  • Table: CNH Industrial NV - financial performance
  • Table: Deere & Company - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Combine Harvester Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Combine Harvester Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Agricultural price index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Also called agrifuel or biodiesel. A fuel consisting of or derived from dead biological material, usually plants.
  • Combine Harvester
  • A farm machine used to harvest grain and seed crops.
  • Ethanol
  • A form of alcohol used as a fuel. It is considered a renewable fuel with fewer pollutants.
  • Yield
  • The number of crops produced per acre of land. In many cases, this is measured in bushels per acre.
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    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Combine Harvester Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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